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Semiconductor Dielectric Etching Equipment Market to Grow by USD 2.02 Billion from 2024-2028, Driven by Consumer Electronics Demand and AI-Powered Market Evolution- Technavio

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NEW YORK, Oct. 24, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Semiconductor Dielectric Etching Equipment Market  size is estimated to grow by USD 2.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.67%  during the forecast period. Rising demand for consumer electronics is driving market growth, with a trend towards integration of AI and ML into semiconductor dielectric etching equipment. However, high cost and maintenance requirements of semiconductor dielectric etching equipment  poses a challenge.Key market players include Advanced Micro Fabrication Equipment Inc, AlixLabs AB, Applied Materials Inc., EV Group, Giga Lane Co. Ltd., Hitachi Ltd., KLA Corp., Lam Research Corp., Mattson Technology Inc., Oxford Instruments plc, Panasonic Holdings Corp., Plasma Etch Inc, PLASMA THERM, Samco Inc, Shibaura Mechatronics Corp, SHINKO SEIKI CO LTD., Suzhou Delphi Laser Co. Ltd., Tokyo Electron Ltd., Trion Technology Inc., and ULVAC Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Dry etching systems and Wet etching systems), Application (Front-end process and Back-end process), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Fabrication Equipment Inc, AlixLabs AB, Applied Materials Inc., EV Group, Giga Lane Co. Ltd., Hitachi Ltd., KLA Corp., Lam Research Corp., Mattson Technology Inc., Oxford Instruments plc, Panasonic Holdings Corp., Plasma Etch Inc, PLASMA THERM, Samco Inc, Shibaura Mechatronics Corp, SHINKO SEIKI CO LTD., Suzhou Delphi Laser Co. Ltd., Tokyo Electron Ltd., Trion Technology Inc., and ULVAC Inc.

Key Market Trends Fueling Growth

The integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies into semiconductor dielectric etching equipment is revolutionizing the global semiconductor dielectric etching equipment market. AI and ML are being employed to enhance operational efficiency, process control, and overall performance. In process optimization and control, AI algorithms and ML models analyze real-time data to identify patterns, predict outcomes, and optimize etching parameters, enabling dynamic process adjustments. AI-driven systems also offer predictive maintenance and fault detection capabilities, minimizing unplanned downtime, prolonging equipment lifespan, and optimizing resource utilization. Advanced process control is achieved through AI-enabled systems that adaptively adjust process parameters based on feedback from sensors, metrology data, and historical process knowledge. AI and ML support advanced analytics and data-driven decision-making, uncovering insights, optimizing process recipes, and guiding process development for continuous improvement in manufacturing performance and product quality. These factors are expected to increase the adoption of semiconductor dielectric etching equipment, positively impacting market growth. 

The Semiconductor Dielectric Etching Equipment market is witnessing significant growth due to the increasing demand for electronic devices, IoT devices, electric vehicles, and high-tech sectors. This trend is driven by the miniaturization of semiconductor nodes and the need for smaller transistor sizes in integrated circuits. Low-density etch equipment, such as wet etching and dry etching equipment, are in high demand for conductor etching, polysilicon etching, and dielectric etching. Dielectric substances like silicon oxide and silicon nitride are commonly used in these processes. Key applications include MEMS sensors, power devices, and electronic devices. Automation and environmental regulations are major factors driving the market. High-aspect ratio etching is essential for deep trenches and large cavities in precision operations. Wet etching equipment is commonly used for carbon monoxide-based etching, while dry etching equipment is preferred for high-aspect ratio etching. The market is expected to continue growing due to the demand for energy-efficient devices, flat panel displays, NAND flash memory, and the increasing popularity of smart devices. 

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Market Challenges

The global semiconductor dielectric etching equipment market is experiencing challenges due to the high costs and maintenance requirements of advanced etching systems. These expenses impact semiconductor manufacturers in several ways. The substantial investment needed to purchase state-of-the-art equipment can be a barrier to entry for smaller players and emerging markets. The average cost of such equipment ranges from USD50,000 to USD2 million, depending on the specifications. Operating costs, including energy consumption, consumables, and maintenance expenses, can add significant overheads. The average annual maintenance cost for semiconductor dielectric etching equipment ranges from USD15,000 to USD30,000. High maintenance requirements can lead to operational downtimes and production interruptions, affecting manufacturing efficiency and throughput. These factors may negatively impact the growth of the global semiconductor dielectric etching equipment market during the forecast period.The Semiconductor Dielectric Etching Equipment market is experiencing significant growth due to the increasing demand for smart devices and advanced technologies like 5G, IoT, and autonomous vehicles. Dielectric substances such as silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, particularly in the etching process. However, challenges persist in creating precision operations for high aspect ratio structures like deep trenches and large cavities. Industrial automation and advanced technologies like machine learning and artificial intelligence are being adopted to improve etching process efficiency. The market includes dry etching equipment, which uses plasma to etch materials, and carbon monoxide as a etching gas. Foundries and Integrated Device Manufacturers (IDMs) are investing in high-density etch equipment to meet the demands of miniaturization in DRAM chips, 3D NAND, MIM capacitors, and 3D stacking technology. Manufacturing complexity and semiconductor shortages are pressing issues, with fabrication plants and wafer production facilities requiring clean room amenities and increased foundry capacity. Conductor etching equipment and selective etch products are also in high demand for advanced logic and memory semiconductor solutions. The market is expected to continue growing, driven by the increasing use of semiconductors in flat panel displays, NAND flash memory, and the automotive industry.

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Segment Overview 

This semiconductor dielectric etching equipment market report extensively covers market segmentation by

Type 1.1 Dry etching systems1.2 Wet etching systemsApplication 2.1 Front-end process2.2 Back-end processGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Dry etching systems-  The semiconductor dielectric etching equipment market is experiencing steady growth due to increasing demand for advanced semiconductor devices. Companies in this sector invest in innovative technologies to improve productivity and reduce production costs. Dielectric etching equipment is essential for creating intricate patterns on semiconductor wafers, enhancing device performance and miniaturization. Market leaders focus on research and development to offer high-performance, cost-effective solutions to meet customer requirements.

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Research Analysis

The semiconductor dielectric etching equipment market is driven by the growing demand for smart devices and advanced electronic components in various high-tech sectors, including telecommunications, automotive, and consumer electronics. Dielectric substances such as silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, particularly during the etching process, which involves using dry etching equipment and photoresist masks to create intricate patterns on wafers. The etching process is essential for creating high aspect ratio features, which are necessary for manufacturing smaller transistors at advanced semiconductor nodes. The increasing complexity of manufacturing processes, driven by the development of AI, 5G, IoT, and electric vehicles, is leading to a higher demand for advanced etching equipment. Environmental regulations and the need for automation are also significant factors influencing the market. Wet etching equipment is another important technology used in semiconductor manufacturing, but dry etching is gaining popularity due to its ability to create more precise and uniform patterns. The semiconductor industry’s ongoing quest for miniaturization and increased functionality is expected to drive the growth of the dielectric etching equipment market in the coming years.

Market Research Overview

The semiconductor dielectric etching equipment market is witnessing significant growth due to the increasing demand for smart devices and advanced technologies such as 5G, IoT, and autonomous vehicles. Dielectric substances like silicon oxide and silicon nitride play a crucial role in semiconductor fabrication, requiring precise etching processes using dry etching equipment. These processes involve the use of gases like carbon monoxide to create high aspect ratio structures, deep trenches, and large cavities. Industrial automation, machine learning, and artificial intelligence are also driving the market, enabling precision operations and increasing foundry capacity. The market caters to various industries, including flat panel display, NAND flash memory, and foundries, among others. The market is also impacted by manufacturing complexity, semiconductor shortages, and environmental regulations. Conductor etching equipment, selective etch products, and polysilicon etching are some of the key segments of the market, catering to the needs of advanced logic, memory semiconductor solutions, MEMS, sensors, power devices, and electronic devices. The market is expected to continue growing due to the increasing demand for energy-efficient devices, miniaturization, and the development of new technologies like 3D NAND, MIM capacitors, and 3D stacking technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDry Etching SystemsWet Etching SystemsApplicationFront-end ProcessBack-end ProcessGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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